ADAUSDT (ADA) Cardano Faking breakdown ! Volume low.
Look at the last 3 bars. Decreasing Volume on down bars, means selling pressure is drying up. It might become a test in a rising market, if one of the next few bars is a LVDBCMH (Low volume down bar closing in the middle or high), prices are going to continue higher in the very near future. We should get the LVDBCMH the latest around the 78.6% level. If it breaks through and stays below, we will see a double bottom in Cardano at the 0.06 levels. I think it's very likely we will see lower prices before all weak holders are shaken out and have given up, then markets will rise again, same goes for BTC. Very similar scenario and chart.
We might see the second spike down of a multi day double bottom around the 22 October.
We might see the second spike down of a multi day double bottom around the 22 October.
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